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How much is the individual capital of alpha and charlie

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Reference no: EM133014283

Problem - Beta decided to retire and withdraw from the partnership on January 1, 20x7. The partnership paid Beta P252,000 Included in the noncash assets is an inventory costing P20,000 with a fair value of P35,000. The remaining partners continue to use their old profit and loss ratio. The excess is considered as a revaluation (goodwill) to be recognized. How much is the individual capital of Alpha and Charlie after the withdrawal of Beta?

Reference no: EM133014283

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